Among the companies with shares expected to actively trade in
Friday's session are Gap Inc. (GPS), Hilton Worldwide Holdings Inc.
(HLT) and Ralph Lauren Corp. (RL).
Gap issued an upbeat profit forecast for the fiscal first
quarter as the apparel retailer reported sales that topped
expectations. Shares climbed 4.5% to $41 premarket.
GrubHub Inc. (GRUB) said first-quarter revenue rose a
stronger-than-expected 49% as the number of active diners using the
takeout-food-ordering platform grew at an equal pace. The company
gave a slightly cautious revenue outlook for the current quarter.
Shares edged up 2.4% to $32.12 premarket.
Hilton on Friday raised its outlook for the year as it reported
that its first-quarter profit more than tripled thanks in part to
higher rates. The hotel operator's results for the period exceeded
expectations. Shares climbed 2.5% to $23.20 premarket.
Jazz Pharmaceuticals PLC (JAZZ) swung to a first-quarter loss on
acquisition expenses and other one-time items. The
biopharmaceutical company's revenue increased less than expected.
Shares declined 6% to $125.62 premarket.
Ralph Lauren projected lower-than-expected revenue growth for
the current quarter, despite reporting strong results the first
three months of the year that were driven by strong wholesale
sales. Shares slipped 6.4% to $142.31 in premarket trading.
Digital-advertising technology company Rocket Fuel Inc. (FUEL)
delivered a weak forecast for the current quarter and missed
analysts' revenue targets for the first three months of the year.
Shares dropped 29% to $19.83 premarket.
Symantec Corp. (SYMC) reported its quarterly earnings rose 14%
as lower costs again offset a drop in revenue. The bottom line beat
expectations, sending shares up 1.3% to $20.40 premarket.
Watch List:
Bloomin' Brands Inc. (BLMN) said its first-quarter profit fell
15% as the Outback Steakhouse parent reported lower traffic that
was hurt by severe winter weather. The bottom line slightly missed
estimates.
CBS Corp. (CBSA) reported a stronger-than-expected 6% increase
in net income for the March quarter, even as revenue slipped from
the year-earlier period, when the company benefited from its
flagship network's telecast of the Super Bowl.
Chiquita Brands International Inc. (CQB) swung to a loss in the
first quarter as bad weather hurt supply and demand for the fruit
and vegetable company's products. Chief Executive Ed Lonergan said
results missed the company's expectations.
Consolidated Edison Inc.'s (ED) first-quarter profit jumped 88%
on revenue growth across all segments. But the utility, which
serves the New York metropolitan area, pointed at possible
liabilities as several lawsuits have been filed following the March
12 explosion in Harlem that killed eight people and wounded more
than 40.
E.W. Scripps Co. (SSP) said its first-quarter loss narrowed as
the newspaper and television company reported growth in advertising
and retransmission revenue and higher-than-expected political
advertising revenue. Results topped expectations.
News Corp (NWSA) reported better-than-expected earnings for the
March quarter that were hurt by foreign-currency fluctuations,
continued declines in newspaper advertising and sale of a local
newspaper group.
Nvidia Corp. (NVDA) said it expects strong results for the
current quarter, two days after the chip maker reported improved
first-quarter results.
Post Holdings Inc. (POST) swung to a fiscal second-quarter loss
on acquisition-related charges and other one-time items. Revenue
surged but missed expectations.
Write to Maria Armental at maria.armental@wsj.com and Lauren
Pollock at lauren.pollock@wsj.com
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